The　development　of　dual-functional　composite　materials　that　integrate　efficient　electromagnetic　wave　(EMW)　absorption　and　thermal　conductivity　is　a　crucial　advancement　in　addressing　the　issues　of　electromagnetic　pollution　and　heat　accumulation　in　electronic　devices.　In　this　work,　NixCoy-C/PAM　hydrogels　derived　from　mixed　metal　MOF-74　were　successfully　fabricated　by　in　situ　radical　polymerization　with　the　assistance　of　an　external　magnetic　field.　The　properties　of　NixCoy-C/PAM　were　optimized　by　varying　the　ratios　of　cobalt　and　nickel　metals　as　well　as　their　oxides,　thereby　providing　opportunities　for　the　creation　of　advanced　electromagnetic　wave　absorbers.　When　the　Ni/Co　ratio　was　increased　to　1:1,　Ni1Co1-C/PAM　demonstrated　superior　EMW　absorption　performance　at　a　filler　ratio　of　3　wt%.　This　configuration　exhibited　a　minimum　reflection　loss　of　-57.8　dB　at　8.64　GHz　with　a　thickness　of　3.6　mm,　alongside　an　effective　absorption　bandwidth　extending　up　to　5.81　GHz　with　a　thickness　of　2.3　mm.　Furthermore,　magnetic　orientation　within　the　filler　facilitated　enhanced　heat　transfer　by　establishing　high-efficiency　thermal　conductive　pathways.　This　study　offers　valuable　insights　into　designing　polymer　composites　characterized　by　improved　thermal　conductivity　and　robust　EMW　absorption　capabilities.